Daily Exam for Grade XII.5

Which of the following is a challenge of e-money adoption?

• Physical currency availability

• High transaction costs

• Slow transaction speeds

• Digital literacy

E-money can be used to pay for services like utilities and subscriptions.​ (a)  

• True
• False

Which of the following is a benefit of using e-money?

• Enhanced security features

• Slower transaction times

• Higher transaction fees

• Increased physical storage

E-money can be linked to a traditional bank account.​ (a)  

• True
• False

What is a common use case for e-money?

• Paying with cash

• Online shopping

• Writing checks

• Using coins

E-money can be used for micropayments, such as paying for a single song download.​ (a)  

• True
• False

Which of the following is a feature of e-money?

• Digital storage

• Tangible form

• Physical storage

• Manual transactions

E-money can help reduce the cost of printing and handling physical money.​ (a)  

• True
• False

Which of the following is NOT an advantage of e-money?

• Paying with cash

• Online shopping

• Writing checks

• Using coins

E-money requires an internet connection to be used.​ (a)  

• True
• False